AMSTERDAM, May 7 (Reuters) - SBM Offshore, the Dutch oil and gas platform leasing company, said on Thursday it was cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to postpone investment decisions.
The company, which has already been fined a record $240 million by Dutch authorities over improper payments to … [Read more...]

ROME, May 7 (Reuters) - Italy's navy said on Thursday it believed it had found the wreck of a boat that sank last month killing up to 900 migrants off the coast of Libya, the Mediterranean's most deadly migrant tragedy in living memory.
Only 24 bodies have been recovered since the April 18 disaster and the discovery of the wreck 375 metres (1,235 feet) underwater some 135 km … [Read more...]

Martime disasters including high profile incidents - such as the Costa Concordia disaster, Sewol ferry sinking and Norman Atlantic ferry fire - have made banner headlines in recent years but, interestingly, the overall number of ships lost at sea is declining. Back in 2007, 170 large vessels were lost and this fell to just 75 in 2014, according to a new report by Allianz Global … [Read more...]

During a routine US Coast Guard patrol in April, assisted by unusually clear visibility, an aircrew captured these amazing photos of newly emerging shipwrecks along the Lake Michigan shoreline. These photos were taken near Sleeping Bear Point northeast along the shoreline to Leland, Michigan up to Northport. Information on the shipwrecks is scarce, the USCG is asking all … [Read more...]

Have you ever been curious about history of oil spills? Or wonder what was the most famous or the largest oil spill in history? Do you know all the facts like Exxon Valdez's Captain, Joesph Hazelwood, never had his captains license revoked and it remains valid to this date?
To put the recent Deepwater Horizon mega-spill and the smaller Cosco … [Read more...]

Fish populations have declined significantly over the past 60 years as a result of overfishing and a new study suggests a culprit: fishing on the high seas.
The study, published March 25 in the Public Library of Science Biology peer-reviewed journal was conducted by professors Crow White of Cal Poly and Christopher Costello, of UC Santa Barbara who used computer simulation … [Read more...]